Please show procedure and explain this two questions.

Use the following information for questions 1 & 2: Jordan Company paid or collected during 2016 the following items: The following balances have been excerpted from Jordan's balance sheet: The insurance expense on the income statement for 2016 was (use T-accounts) a. $10, 700. b. $10, 100. c. $7, 700. d $13, 100. The interest revenue on the income statement for 2016 was (use T-accounts) a. $33, 100. b $34, 700. c. $27, 300. d. $40, 500